MOP 6.00 Closing editor: Sara Farr
M
acau casinos raked in MOP28.9 billion in August. But still 6.1 percent less than a year ago. It’s also the third consecutive month gaming revenue growth has dropped Y-O-Y. Regardless, revenues have increased 8.1 percent since the beginning of the year. And analysts predict a pick-up in October. Meanwhile, Sands China has replaced SJM in terms of largest market share. Together, they account for 47 percent of the total pie Page 5
www.macaubusinessdaily.com
Year III
Number 617 Tuesday September 2, 2014
Publisher: Paulo A. Azevedo
Punters reloading for October
Polytec Assets H1 results tank 50pct
Technical glitch
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Macau awaits the launch of the mobile e-wallet. But issues remain with the installation of the underground fibre optic network. Tradelink tells Business Daily that its local partner here – MTEL Telecommunication – is busy ‘on its government project’.
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NAPE homes most expensive Page 3
HSI - Movers
3
September 1
Calling on UAE
Name
IPIM wants to get the message out. Last week’s target was the United Arab Emirates. Representatives of the Macau Trade and Investment Promotion Institute visited Abu Dhabi and Dubai on a three-day business trip. The goal is to get businessmen and entrepreneurs to check out the SAR. Investment opportunities is the name of the game Page 3
%Day
Lenovo Group Ltd
3.55
Power Assets Holdin
2.83
Want Want China H
2.08
PetroChina Co Ltd
2.00
Hutchison Whampoa L
1.79
Hong Kong Exchang
-1.68
China Unicom HK
-1.74
Hang Lung Properties
-1.76
Galaxy Entertainmen
-2.91
Sands China Ltd
-3.17
Source: Bloomberg
You lookin’ at me?
I SSN 2226-8294
Studio City is slated to open in mid2015. And a Martin Scorsese short is in the works for the launch. Hollywood heavies DeNiro, DiCaprio and Pitt are lined up. To be bankrolled, in part, by James Packer and Lawrence Ho, cochairs of Melco Crown Entertainment. The script was written by Wolf of Wall Street scribe Terence Winter Page 6
Brickbats & bouquets Bad press continues to dog Macau’s taxi drivers. Online agony aunt Macau Taxi Driver Shame shares the pain, and the occasional thumbs-up. The blacklist is miles longer than the ‘whitelist’, and some enterprising drivers have made both. The government is currently conducting a public consultation on taxis, which ends September 25
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